Foot Orthotic Insoles Market size is estimated to surpass USD 8.2 billion by the end of 2035, growing at a CAGR of 6.78% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of foot orthotic insoles was USD 3.5 Billion. The demand for foot orthotic insoles is growing faster due to the increasing prevalence of diabetes and arthritis globally. According to the WHO, approximately 422 million people worldwide suffer diabetes, with many of them living in low and middle-income countries, and diabetes is directly liable for 1.5 million fatalities per year.
Besides this, the rising cases of musculoskeletal disorders are expected to drive the market growth of foot orthotic insoles. As per the data of the World Health Organization, around 1.71 billion people in the world are living with musculoskeletal disorders. The primary reasons for this cause of harsh work environment and performance work. However, the person with musculoskeletal can carry on their chores pain-free by using foot insoles.
Author Credits: Radhika Gupta, Shivam Bhutani
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?